May 2008 Net Worth – $87,264.27

May 2008 Net Worth

After having our largest net worth increase ever last month, we followed it up this month with our 2nd largest ever net worth increase, beating the previous record by just a few dollars. Two strong months in a row like that let me know we are doing something right.

We hit a couple of minor milestones this month as my 401k crossed $20k and my Roth IRA crossed $30k. Our entire net worth 1 year ago was only a little over $50k, so it’s kind of cool to have that in just two accounts today.

The large gain in the my Roth IRA was due to a $3,000 deposit. I had wanted to buy a new fund that required a minimum deposit of $3,000, which I was able to make this month.

I am feeling a lot better about the odds of achieving the goals we set at the beginning of the year. There’s still a long way to go, but we’re looking a lot better than we were after the first couple of months of the year.